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wishful thinking. he embraced president obama after hurricane sandy to the dismay of some in his own party who saw his reality based actions and undermining the g.o.p. candidate. these days steve schmidt is at one of the largest political firms. since running the mccain campaign in 2008 he has been on campaigns around the world. and you saw him during the 2012 u.s. campaign. he was campaign manager for the landslide reelection of california governor in 2006. before that a top political advice sor in the white house of george w. bush. he attended the university of delaware from 1988 to 1993. david plouffe crossed paths in schmidt in the late 1980's. he completed his political seasons degree and finned two years ago. he has completed two presidential bids. he was appointed as a senior advice sor to the president in the white house in 2011. he attended is the marks high school before serving in a wide viret of state and national political campaigns. i'm going to ask the two speakers this evening to speak and i had to decide who is going to go first and i decided to use a standard that anyone
is making a late push in tight states. scott, big hear from sandy, texas. how concerned are you about the electoral system? caller: i believe that we will be able to overcome the lying and cheating of the democrats. they are going to cheat. they are going to have voter fraud, there is no doubt about it. one of the best indicators of that is their opposition to the picture id. they are going to cheat, they are going to live, they will claim that the ends justify the means, that lying is acceptable as long as you advance the cause. we are just going to have to overcome that, and we will. host: let's look more at the governor romney visit to pennsylvania. postal let's listen to some of the mitt romney closing arguments -- host: let's listen to some of the mitt romney closing arguments in morris hill, pennsylvania. [video clip] >> we have journeyed far and wide for america's future. now we are almost home. one final push will get us there. we have many long days, short nights, and now we are close. the door to a brighter future is there, open, and waiting for us. i need your vote, your wo
3. >> update on the response to hurricane sandy. >> afternoon, everybody. i will be brief because i figure you got more questions. some of the highlights from the last couple of days. as of this morning, around 6:00 a.m., and we will have numbers later this afternoon be looked at you, but 317,000 folks have registered in the three states for individual assistance. and a total of -- is three had a 20 million for the three states. the yesterday northeaster had impacts appeared in many cases precautionary measures were taken to shut down operations. there was concern about that, but it was based on the forecast the day before when decisions were made, said those were done in coordination with state and local officials. power outages increased slightly. power outages due to the nor'easter did increase the number of customers without power, and as of this morning, about 42,000 people in addition to those who have lost power from sandy are reported out. that number is down from the original impacts of the northeastern, but we continue to cede power restoration. the numbers improved. with
's touring statent island and other locations in the wake of the cleanup and aftermath of hurricane sandy. when that video becomes available, we'll take you there live. while we wait for that, we'll bring you a portion of this morning's "washington journal." host: independent vermont senator bernie sanders joins us from capitol hill this morning. thank you for being with us. and to get started here's a question. should democrats be ready to walk away from the bargaining table as you and the congress address this fiscal cliff? should democrats be willing to say if we can't get what we want we are willing to go over the cliff? guest: i think all of us want to make sure, want to do everything that we can to see that the fiscal cliff is avoided. but i think what we have seen in the past is a level of obstructionism on the part of republicans who said hey it's either my way or the identifyway. election vs. consequences. democrats want -- elections have consequences. democrats won. democrats won 25 out of 33 seats in the senate. they won seats in the house. one of the key issues during that cam
. after the first campaign, romney was ahead for a it little bit. around halloween, the sandy news started to kick in. president obama went ahead by point or less. how do you see sandy play in? >> it robbed the challenger. it brought them for 3 or four days, six news cycles. the core issue was the economy. thatsn't able to get message through for a few days. to some voters, it probably reminded some voters that this guy is reaching across party lines and reaching to the governor from new jersey. they're sitting in for the first time. i think it did help obama by freezing things for a few days and giving him that commander in chief aura. >> there is an important role that the federal government plays. romney and paul ryan talked about the government needs to get out of the way. >> romney specifically said he would cut fema. >> the last thing people want when catastrophe strikes is the government to get out of the way. >> some people remember obama came in in the middle of a crisis and he was cool headed. they were reminded that this guy doesn't react as much emotionally as we like to see, w
at hurricane sandy and federal spending. then the talk about military ethics. then at 9:15 a.m. eastern, how the lame-duck session of congress may deal with the farm bill. ♪ > host: good morning and welcome to "washington journal." president obama is in the final day of the southeast asia trip. he is in cambodia and has just back hillary clinton to the middle east to talk about violence in the area. we would like to know whether what you think the role of the united states should be in the conflict in the middle east. here are the numbers. you can also find us online. you can tweet us @cspanwj. facebook.ee spoc here is the have one of the washington post. secretary clinton will travel to the middle east as israel always risky choices on and gaza. clinton will travel to the middle east today to discuss ongoing violence in gaza according to white house officials she will talk with leaders in jerusalem, ramallah and cairo. issues leading the east asia summit that president obama is an app. the death toll in the gaza strip surpassed 100 on monday. with evidence that an egyptian
debate for the candidates for the 1st district in rhode island. we are recovering from storm sandy that did a huge amount of damage to many coastal homes. but that brings up an issue of federal flood insurance. and i had a question from a viewer should taxpayers provide incentives to healthy americans, not all coast home owners are wealthy but to build and rebuild by subsidizing their insurance? what do you say to that? should taxpayers do that? >> because federal insurance is subsidized by taxpayers, it encourages people to build and rebuild because they've got insurance. >> they should pay their fair share so i'm sure that insurance rates are very high in those areas. >> i never liked federal subsidized insurance on the coast so no. >> so your saying that people's homes who are washed away if they want to rebuild they pay for it themselves? >> i have no problem with. that my parents have a summer house. if that's where they want to put their house, that's their choice. their going to live with the consequences. i have no problem with that. >> insurance provides insurance to homes
website cspan.org. >> new jersey surfed some of the worst damage from hurricane sandy. today president obama visited the state with governor chris christie and spoke about the government's response to the disaster. this is 15 minutes. >> good afternoon, everybody. i want to thank the members that are here. i want to thank the president. we spent a significant afternoon together, surveying the damage up and down the coast line. we wanted to show the president that personally. we have the opportunity to discuss it. and over to the shelter and meet with folks and have them see the president and his concern all of us have for making sure that things get back to normal as quickly as possible. we have a lot of challenges. things we need to do to make sure we get power restored as quickly as possible, that people have clean water, hospitals are taking care of things they need to when we get kids back to school. i discussed all those issues with the president and i am pleased to report he has sprung into action immediately to give us those things while we were in a car together. i want to than
sandy was an unprecedented storm that left a devastating impact on new jersey and the new york region, damaging homes, businesses and leaving millions without power. my district was hit tack -- particularly hard. numerous substations in our area were sub merged under water, leaving residents without electricity for nearly two weeks. as a result thousands of lehman have worked around the clock to assist those in need and help restore power. not only have those in new jersey and new york region joined together to help the impact by sandy, but hardness of individuals from across the country have come to lend a hand to the people of new jersey. just the other day as i was touring damages around my district i saw license plates that raised from wisconsin to louisiana. i want to thank all the workers and volunteers whether they have come around the block or hundreds of miles away to assist a region in our recovery. while the road ahead to full recovery will be long, there is no doubt the progress would have been -- the progress we have made would not have been done without the assistance of
. that is on c-span 2 at 8:30. on c-span 3, the impact of hurricane sandy from members of congress. in a few moments, today's headlines in your calls live on "washington journal." the house doubles and four legislative speeches. the chamber will take up of the said measure to hold events degrees in science, technology, engineering event math. -- and math. live coverage here on c-span. it about 45 minutes, -- in about 45 minutes, julie rovner on the health-care law. health-care law.
-span. host: are you in an area affected by sandy. caller: the area where i live on the upper east side, we are doing ok. but downtown manhattan is doing better now. the understand they are starting to get their electricity back. we are ok on the upper east side. host: are there concerns about how people might be affected with election day? caller: not in this neighborhood. i am sure there are in some neighborhoods. they are talking about making the arrangements either through having generators, or the election booths or bringing back the old system of voting, i guess mechanical. host: when it comes to house and senate elections, what are you looking at? caller: tomblin to vote straight democratic ticket down the line -- i am going to vote straight democratic ticket down . in congress, senate and president, all of the individuals all over and over bolling to the religious rights against abortion rights. they are bowing to the rich people. they are against slightly higher taxation. back to the clinton 4% increase. i know wealthy people in this town. pan on the other side of the country that
. this is from the new york city board of elections. it regards changes in pulling site because of super sandy. -- superstorm sandy. jamestown, north carolina. thanks for waiting. this is republican line joe. hello. caller: yes, good morning. i'm not going to keep you long. what i'm going to say is that when i talked with mitt romney, when i saw mitt romney out there, i've watched mitt romney for a long time and all of it's weapon. i'm very satisfied and i'm very confident that he's made it and he made it the right way and the wrong way. i'm not jealous and i'm glad that he's been blessed. also no -- when he talked about jeep and the united autoworkers and chrysler, he was correct. it was put down during a conference last week. i know that when you are an investor, you do have certain rights and you do have certain laws under the tax code and there's a lot of things that i could just sit here and talk about but i'm not. i'm going to let somebody else hold the ring. host: so why have you decided to vote or not vote? caller: well, i'm going to vote. and i'm voting for mitt romney. but here is th
of hurricane sandy and it has disproportionately affected the philadelphia area, which is what democrats need to turn out to do well on election day. pennsylvania is not that far afield for republicans right now and if somehow they were able to win that state, you would be talking about president mitt romney. that is my one big surprise. i also think you should look at the senate race in the state because bob casey has been looking a little bit weaker than expected. tom smith is a businessman, former democrat running for the seat, who has been pulling within a few points in recent weeks. so, on the senate front that is the upset special we are looking at right now. >> tonight, watch election coverage on c-span with president obama from his headquarters in chicago and mitt romney from his headquarters -- plus key senate and house of victory and concession speeches from across the country. and throughout the night, your reaction by phone, e-mail, facebook and twitter. live coverage starts at 8:00 eastern on c-span, c-span radio and c-span.org where you can also access interactive maps. find upd
anything anymore. that is your this country is headed. host: were you affected by hurricane sandy up in beverly, new jersey? and what is your feeling about chris christie? caller: governor chris christie, i was not affected, just the power was out for a day. we did not get a whole lot of damage in my area. but governor chris christie -- if he has to go to the government to get help, that is what fema is there for. fema is there to help the state with catastrophes. host: greta. host: in montana, that race has not been called, results with more than half of the vote counted early this morning, they show that jon tester holds a five point lead over denny. 48% to 45%. the most expensive race in montana history. over $40 million is the tablet. moving on to north dakota, this has not been called either. the democratic challenger there it is tied 50% to 50%. we will continue to watch this race and let you know how it turns out. moving on to arizona. these are some of the closely watched senate races. jeff flake wins in that state, 50% over richard handpicked by president obama to ron. and t
seeing tapering off. the week before hurricane sandy. lot of people say sandy killed him. i think it was more icing on the cake. but he really did engage a bunch of voters that had not been paying attention. it really put the race in play, but not quite enough. i will talk about but more and a couple minutes. the simplest thing, how we looked at it. in the senate, we saw a couple of outstanding races, but what seems to happen is there were 10 tossup races and become a down to, what is it? montana and north dakota? if they both go democratic -- if they both go republican it will have won seven out of 10. it goes to reinforce something that we already knew. when you get down to that last group of tossups senate races, they never break down the middle. they tend to break even, two- thirds one way, one-third of the other. it is whatever the gust of wind is. it could have been sandy related, maybe not. what ever happened, the use of them break either seven out of 10 or nine out of 10 in favor of republicans. it held up enormously. this, i think their team had a far better night than an
benefits fell sharply last week. analysts say that the figure was analyst -- elevated by hurricane sandy. the labor department says that applications dropped from 40,000 in the previous week's. aaa says that more than 43 million of us are going somewhere for thanksgiving this year. travel organizations say that they will take a sharp upturn in the economy. officials in greece are criticizing the failure of the you -- european union to release loan funds for that debt ridden country. the greek prime minister is warning that it is not just the great future that hangs in the balance. the delay prolonged uncertainty over the future of greece, facing a default that would threaten the entire eurocurrency. finally, there is a new u.n. report saying that concentrations of greenhouse gases are up 20% since the year 2000. the report, days ahead of a climate conference reminds world government that their efforts to fight climate change are far from enough to meet their stated goals of limiting global warming. some of the headlines this hour on c-span radio. >> you career officers changed this army
are still recovering from hurricane sandy, tradition is being maintained as the macy's thanksgiving day parade stops off in manhattan. and for many large retailers from the traditional black friday is a starting later today. some of the latest headlines on c-span radio. >> you career officers, you disch -- changed this army. go and find your soldiers. do not find them in the villages and towns of america. and we did that. and over about five or six years recruited an absolutely splendid force of young men and women more willing to serve their country as volunteers, and they had the same tradition, the same culture, the same loyalty and dedication as any other generation of americans. and they proved themselves in the gulf war, the panama invasion. it proved themselves in the past 10 years and iraq and afghanistan. but the theme we have to keep in mind is something that president lincoln said. to care for those who are born to battle. to care. that means never forget that they are carrying the american spirit, they are carrying the american traditions with them. and when it injured, when
view, katrina, you saw it, sandy give some impetus to dealing with climate change. i said, in new york, we will pay for climate change one way or another. we can pay for it after each natural disaster -- in new york, we have had three or 4100-year disasters -- or four 100-year disasters. irene, sandy. it will give some impetus to deal with climate change. even if we cannot reach compromise on that, there are lots of things that we can reach compromise on and that would be on the agenda. the fourth thing i put on the agenda, i talked about earlier in reference to your question. maybe we can get some real financial reform. republicans are beginning to rethink super pacs. they have not produced the positive results they hope for and they have produced negative results that they did not expect. >> if a deal is reached before the end of the year, does that remove the need for tax reform, more comprehensive tax reform next year? >> my view is that corporate tax reform should be treated separately. why? to make corporate tax reform work, you should not have revenue increases. you are putting
's washington journal, federal spending for hurricane sandy relief. after that, jerry had angstrom-- hagstrom on the future of the farm bill. plus your e-mails, phone calls, and wheatweets. the woodrow wilson center hosted a discussion tuesday on the challenges in the middle east for u.s. foreign policy. you can see it live starting at noon eastern here on c-span. president obama met with congressional leaders last week to discuss a plan for avoiding the fiscal clef. the ceo of the nasdaq stock market talks about the campaign, where he and other ceo's are willing to pay higher taxes as part of a deal to avert a fiscal close. he spoke for about an hour. >> good afternoon. i am vice chairman of brookings. i would like to welcome everyone today. good to see you. it is my great pleasure to welcome my colleague and friend to brookings. there is no doubt bob is an extraordinarily successful business executives. the value has increased by a factor of four. revenue has gone up to 1.7 billion. cash flow has gone up her year, and he has taken over the niche market and made it one of the most important
the need for infrastructure in the northeast -- we are still reeling from the affects of sandy. the pleas of governors like malloy, cuomo, and christie, all are calling for us to focus on infrastructure. it is not only needed in a devastated northeast but clearly across this nation. one only has to read about the situation of roads and bridges to understand the importance of infrastructure and investment. clearly, people need to go back to work. that is something positive that we all agree on that can be done and should be done. but as we noticed today, there are no votes on the united states congress and the house of representatives today. we also agree, and emphasize this again, as did gene sperling -- everyone, and we mean everyone, should get $250,000 in tax breaks. everyone -- and so that means that even billionaires get that first $250,000. and everyone is in agreement -- the republicans do not want to see the middle class go without this tax cut. so where we disagree, let us push that off. where we agree, let's embrace. further, we discussed again the long term effects of our defic
of that spirit that gave me hope in this got awful storm we just had, sandy. it really clobbered new jersey. every morning i will be on a call where we speak to the governors of the affected states, and i found it remarkable the democrats and republicans are all acting together again. they are acting like when we got started in politics. the governor of delaware is a democrat on this call is saying, when asked what do you need, he said, i would like to say to chris christi, delaware has been hit. if you need any generators, you are going to hit more than we have been hit, so we will send them to you. ladies and gentlemen, that is how people are responding in the crisis, and that is what we have to go to again. there is a great story i like to tell. i am the oldest guy up here. i go back a long way. there used to be a guy in the house of representatives and in and named tipper o'neil. he is to have a party at his home. they used him as a poster boy for the democratic party in his last election. his only tough election he had his whole career, and he told the story standing out on the steps o
and worse wildfires. two weeks ago hurricane sandy brought a powerful and tragic reminder that the combination of sea level rise and more powerful storms can be deadly, devastating and extremely costly. hurricane sandy was the only -- only the latest and most dramatic in a series of extreme weather events. over the past two years we've had recordbreaking temperatures , the worst drought in 50 years , major floods, numerous tornadoes and thunderstorms and vast wildfires. this is what global warming looks like. and if we continue to ignore it it will soon look far worse. we should be doing all we can to reduce carbon pollution and slow global warming. but this bill instead tries to stop efforts to reduce carbon pollution. specifically the bill targets the european union's requirement that airlines modestly reduce their carbon pollution. aviation is a significant and fast-growing source of carbon pollution and talks on an international agreement to control this pollution have languished for over a decade. so since nothing was happening for 10 years, the european union acted t
by private industry. take hurricane sandy. we are going to spend a lot more money trying to rebuild as opposed to investing and making sure that does not happen again. power lines in the d.c. area are still above ground. every time we have a hurricane or a storm, they go down and we lose all lot of money instead of making the investment to put them underground. it is those kinds of things, investments, but we need to moves forward instead of spending time and money on the same issues guest: here is a lot of issues. -- issues. guest: he raised a lot of issues. host: he said he would be willing to pay more taxes. guest: a think a lot of people in the upper income tax brackets feel we do not need to extend tax breaks for upper- income. there are a lot of issues he raised by the way, republicans are saying to the touch the rates for upper-income, but instead close the loopholes. the mortgage interest deduction is not a loophole. the charitable contribution deduction is not a loophole. provisions for education are not loopholes. their tax policies and we need to be careful as we address
jersey that we experience in the past three weeks because of super storm sandy. the larger issue of -- host: the president talked about economic growth and listen to what he has to say and we will get your response. [video clip] >> the american people will continue to be focused on our economy, jobs, and growth. he message is that we are going to ignore jobs and growth to address climate change, i do not think anyone will go for that. i will not go for that. host: mr. komanoff? guest: in a month and a half, on january 1, the payroll tax holiday that we in a thick -- that we enacted several years ago is set to expire. that is about as big a job killing and growth killing development as we can imagine. we have to find revenue to extend the payroll tax holiday. one place we can find that revenue is through a carbon tax. there is no contradiction between tax and carbon emissions and saving the climate and promoting growth and increasing jobs and employment at the same time. host: here is our first call rom alabama on the democrats' line. caller: i give you an b + on your program. i t
the poll that snapped because of hurricane sandy in the new jersey area along a coast, they underestimated things like that. so, the broader issue is -- how does it work? who controls the rebuilding of our infrastructure? would it be wise to put money into these tubes -- these individual utilities? host: first of all, i wrote this piece. we were sort of talking about it. anyone looking at the big energy picture, not the individual pieces of energy, we spent all of our time talking about oil, gas, and nuclear. we debated about the environmentalists in the business community. we started to realize that, first of all, most americans get their energy from electricity. the change from this energy boom that we had of extracting record amounts of gas from the ground to plug in our homes, that really needs to -- it is the point that you raised about infrastructure. it is about investment in what we already have. about making the natural gas exploration, collection, and distribution system safe. that was a big concern by the last president, who did not have to worry about an energy crisis -- lyndon
a project that was used in the sandy effort. how does that relate? guest: just as facebook brought to light the concept of social networking, everyone of us has a mobile phone. it enables organizations and companies to leverage the crowd of people i am calling everyone -- by empower when everyone -- by empowering everyone with a mobile phone. in real time, his pictures can send the exact location back to a server with a map on it. the picture and the math -- the picture is over late in real time. it enabled decision makers to make meaningful decisions in real time. host: jon iadonisi is the founder of the white canvas group. is a former naval seal. caller: i would like to ask your guests to comment on the recent theft of three-4 million tax record by international hackers. the blame has been placed on the federal government. where does the true blame like -- to blame for something like this fall? is it with the federal government? the state of south carolina could use some help in protecting the citizens from this kind of cyber crime. guest: thank you for that question. it is an interesting
like super storm sandy is a storm we have never seen before. it is due to industrial pollution from burning fossil fuels such as petroleum. some might question is this. how much responsibility does the petroleum industry willing to take for superstar sandy and other climate disasters that are looming on the horizon? how do you justify using billions of years of energy accumulation through your own individual wealth? thank you very much. guest: thank you for the question. the oil and natural gas industry are leaders in alternative forms of energy. we take our responsibility very seriously. we have invested more than the federal government in these different forms of energy over the past 10 years. we take second seat to nobody for energy future. we understand our role and are looking always for new energy forms. we have a vast diversity of energy that we produce. climate has been a discussion in the united states for the past decade or so. carbon emissions right now are at 1992 levels. the economy has slowed down and we need to get people back to work and to get the economy recovered.
it to try to change the momentum away from hurricane sandy is the way to generate excitement. the race is tightening. it did not deploy bill clinton if you thought you have [inaudible] >> we use the ap for official calls in states. we will get the updates for other networks. nbc is calling the massachusetts senate race for elisabeth warren -- elizabeth warren. that makes some math for republicans winning back the senate almost impossible. it will put a prominent liberal in the senate and take out a republican. one of the few moderate republicans left in the senate. that person will be ousted and join olympia snowe left because she was sick of the politics of washington. one of the things you need to keep in mind is you want to wins in these races. you will end up with a much more polarized senate. elizabeth warren -- is almost instantly a national figure. talk about the importance of this race. >> in terms of the moderates and the senate, what is going to happen in this election is you'll get totally elected in indiana, and you have a lot of friends for people like joe manchin. even th
of his constituents who were under siege from hurricane sandy. he has his priorities in order. he knows his policy. he loves his american people. he is very patriotic. he is very good at politics. >> thank you very much. thank you to leader pelosi for her tenacity and her unprecedented work ethic. to my new colleagues -- welcome. the leader told me that it would be a labor when. i have enjoyed every day of this job. it says something about our unexpected pickups that you had to use your wide angle lenses to capture the incredible wealth of talent and diversity we have. with the new members, the tea party starts to roll back and problem solving can move forward. that is what this election was about. these leaders wake up every morning not thinking about left or right. they wake up thinking about how to move their communities forward, the country forward, how to solve problems. are may years to have had to balance budgets and the potholes'. they are veterans. they are small business people. they are doctors. the message that voters sent due out this country is that they want problem solve
, sandy and gary, jackie and bob, joyce and arnie, janet and mark jacobs, jennifer and chuck, bruce and debbie and doug rightguard. erin and matt, jane and bob, marcia and dan. i want to thank all of them up for their good works and thanks to all of you for making this the most successful fund-raiser the brandstad committee has had in history. thank you very much. i want to thank the wilder side band for their entertainment and for our baker, linzie of live, love, bake for delicious birthday treats tonight. this is a wonderful cake they put together. thank you very much. one of the big reasons for having such a great success is our inspirational speaker, marco rubio. what a wonderful message he has and what a great example of the american dream. and he is an inspiration to me and so many others to continue to focus on a limited government and empowering the private sector to grow opportunities for all of our people. tonight's event, with this event, we have turned the page and we look towards the future. i have always been one that learned that you never fight the last battle or a
's stop there. first, i want to show you "the daily news" about superstore sandy, new york hit with a $30 billion bill. "the daily news" is saying to suck it up. >> we're live at the breaching room at the white house here on c-span. jay carney is expected to brief reporters shortly. president's been at the white house today. he met earlier with leaders of several labor unions and he'll have his own news conference tomorrow at the white house. we'll have conference on the c-span networks. the house and senate both coming in today in about 35 minutes at about 2:00 p.m. eastern. off the floor of the house this week, both intelligence committees will be holding closed hearings on the attack in benghazi. also in washington today, a look ahead to the beginning of the holiday travel season next week with thanksgiving on the way. t.s.a. head talked about things t.s.a. is making. we'll show you as much as we can. this is a portion at reagan national airport in washington. >> well, good morning and, again, t.s.a. administrator, thanks for being here at ronald reagan international airport. as we loo
hurricane sandy. the president visited a disaster recovery center on staten island. met with families, officials, and first responders. he was joined by new york city mayor andrew bloomberg, homeland security secretary janet polycom, and others. this is 20 minutes. -- napolitano, and others. this is 20 minutes. >> good afternoon. on behalf of all new yorkers, it is a honor to welcome you to our city. we're here with our great centers and the governor and i wanted to particularly thank you and thank all the volunteers who have worked so hard the last two weeks. a lot of them. they have made all the difference. we are getting out of this. we have to get ahead. we lost 23 stat islanders. one of them was a police officer, a young man full of promise, somebody who unfortunately the city is going to mess. we are making our way back. thank you particularly for all the help we have gotten from fema and, secretary napolitano, off and human services, and all of your team. the red cross together -- i want to thank everybody here. we have a new program, rapid response. a bunch of people, electric
for a second week in a row. this after hurricane co sandy drove applications higher in the month. reports that the u.s. economy has been growing at a faster rate than had been estimated earlier. 2.7% annual rate from july through september. economists believe growth is slowing to a rate below 2% because of disruptions in the superstar and worries about tax increases and spending cuts -- disruptions from the super storm and worries about tax increases and spending cuts. speaker boehner once the president to move of his position on rates. the president will not move. the president keeps saying he has laid what republicans call his $1.60 trillion revenue plan on the table. if the speaker boehner has the alternative, he should say it rather than talking about non- specific revenues entitlement cuts. an update on hostess. the company will ask a bankruptcy judge for permission to give its top executives bonuses totaling up to $1.8 million today. the company says the incentive pay is needed to repay 19 managers during the liquidation process. and they could earn more, depending on how well the c
of hurricane sandy -- i want to let you know our thoughts are with everyone who has suffered during the storm and its aftermath. it has been a very challenging time for new york city. i think you have shown quite a bit of fortitude in coming back and getting back to business. my remarks today are going to focus on the reasons for the disappointingly slow pace of economic recovery in the united states, and the policy actions that have been taken by the federal open market committee to support the economy. in addition, i will discuss important economic challenges our country faces as we close out 2012 and move into 2013, in particular the challenge of putting federal government finances on a sustainable path and the longer run while avoiding actions that would endanger the economic recovery in the near term. the economy is continuing to recover from the financial crisis and recession, but the pace of the recovery has been slower than fomc participants and others had hoped or anticipated when i spoke here last, three years ago. indeed, since the recession trough in 2009, growth in real gdp has a
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